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CNBC
Jan 23, 2013 7:00pm EST
still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi was in fact initially a spontaneous reaction to what had just transpired hours before in cairo. >> and w
CNBC
Jan 22, 2013 4:00pm EST
wait for texas instruments to report. house speaker boehner set to hold a news conference in less than an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a m
CNBC
Jan 21, 2013 11:00am EST
other? mr. boehner said something rather strong about harry reid. we assume that kind of language was not used in the white house this morning, but can they really get along and do what needs to get done? >> there is -- there are pockets of enmity that are quite well-known. what's really wonderful about washington, and this day is going to be full of this, is that you can have members, particularly on the senate floor, that can just bash each other. john has had a bird's-eye view of this. during the day with key issues of state at risk, and at the end of the day they can go off to the moncle and have a drink or a steak and so -- >> although a lot less than used to take place. >> that's true. >> jill biden, the vice president's wife, the second lady of the united states, begins her way down to the podium. >> i think there is more partisanship about to break out. >> call it bipartisanship. >> maybe i'm caught up in the spirit of the day. >> explain. >> i'll explain. >> and where do you see that? >> i have some circumstantial evidence. look at the fiscal cliff vote and look at the sandy
CNBC
Jan 22, 2013 5:00pm EST
does it for us. thank you for joining us. >> "fast money" has full coverage of speaker boehner's press conference, starting right now. >>> live from the nasdaq market site in new york city, i'm melissa lee. afterhours action from csx to google and ibm. we're covering it all. apple angst. will the tech giant dliceliver e tomorrow? and how a south african company is pushing the u.s. closer to energy indedense. first, we have to get straight to our top story and that is markets. the s&p reaching five-year highs, the dow having its best january in 16 years. buyer or seller? pete, pit boss, what do you say? >> i remain a buyer of the market, but i've been shifting around my portfolio and that's because this has been an unbelievable move to the upside. we're in earnings season. it's been very strong so far. ibm tonight and google tonight. we're going to be talking about those in a few minutes. those numbers were spectacular. the reason i'm starting to shift things around, i'm taking off stock positions. volatile tills are very low. that givens me an opportunity to be there and take tha
CNBC
Jan 22, 2013 7:00pm EST
. boehner attached a bublg et to this. >> there are no specific cuts. where in medicare or the pentagon are they going to cut? they have to specify that before you can have a serious conversation. i don't think members of congress should be playing with fiscal fire which is what we are doing when we use a tactic as a threat to plunge america into defought. i believe that republicans and democrats should denounce using that as a threat. your previous guests gave goodness about the economy. the biggest threat about the economy is congressional dysfunction. >> do you have a response to peter walsh. >> lord knows if we could have a balance absed budget. but you made this deal yeah, we are going to extend the debt ceiling. now, it gets attached to a balanced budget. >> two points, in regard to congressman welch. when you have liberal s ip the house and senate, that is their plan to spend more money. i know you are talking about our budget larry, but we have to step back. there is going to be no budget that takes place unless the senate passes a budget. but to get congress both chambers to wo
CNBC
Jan 22, 2013 1:00pm EST
the debt ceiling. speaker boehner is expected to give a news conference later toda today. >> there are a lot of deadlines in washington for investors to keep track of, they each carry their own risk. let me walk you through what we are expecting. starting tomorrow on wednesday, the house republicans say they're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt
CNBC
Jan 23, 2013 9:00am EST
for a strategic retreat from the principle that john boehner articulated earlier that the only amount of debt limit increase that's going to pass is going to have dollar for dollar spending cuts. that's very hard to do, for democrats, for republicans, for anybody in washington, and so he's backed away from that, and now he's going to try to see if he can pass it with republican votes. the importance of this principle from a democratic point of view is they've broken with the idea that the debt limit is so important that it needs to be enforced. that's why senate democrats say they will pass this next week by an overwhelming margin if it passes the house. the white house says it won't block it and house democrats, if you read between the lines, they're urging their members to vote against it, but they don't mind this proposal one bit. here is chris van hollen, the ranking democrat on the house budget committee today. >> the good news is that our congressional republican olleagues have finally recognized that america must pay its bills and meet its financial obligations without conditio
CNBC
Jan 22, 2013 2:00pm EST
reductions. john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably be impossible now. that's why the president came out after the election saying not playing that game. not going to renegotiate. the white house is now prepared to say they concede on that principle for three months, we'll keep our stance unchanged beyond that, and republicans will yield again and we'll get a longer-term extension. >> hopefully it will diffuse market fears about a debt default. the question is what the markets have to say about these gyrations in washington. let's bring in the president of official funds, gentlemen, great to have you with us. >> grit to eat to be here. >> the dow is on multi-year highs, at what strange will wall street say the heck with it. >> the point i like to make in comparison is what happened in december of 2007 and the first part of 2008, the dow industrial average was lagging the transportation average, which was raging forward. and the recession had already
CNBC
Jan 25, 2013 2:00pm EST
commerce said it was pleased with the ruling as did house speaker john boehner who accused the obama administration of using the nlrb to impose regulations that hurt our economy. the ruling puts the new consumer financial protection bureau director richard cordray in a vulnerable position as well because president obama used a similar maneuver to install him last year. brian, back to you. >> hello. there we go. >> thank you very much eamonn javierers. okay. some final thoughts. kate kelly obviously we've been watching all day here on cnbc the epic battle between ackman versus icahn, a real clash of styles here. >> that's what i think, mandy. what you're seeing is in this case an older generation versus the younger whipper snapper generation. i actually think even in ackman's own circle of friends there is a split emerging in terms of the public, you know, activism that ackman espouses the four-hour presentation, using the press to kind of get the message out versus the much more low key let my filings speak for themselves. that's what you're seeing from david einhorn increasingly. th
Search Results 0 to 8 of about 9